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29 Dec 2008, 1:23 am
" You betcha' . . . those auto execs are leading the way with the first and second picks.Here they are (from Fortune):1) Detroit execs flying to D.C.: The chief executives of General Motors (GM,Fortune 500), Chrysler and Ford spark outrage when they fly their corporate jets to Washington D.C. to beg Congress for a multi-billion dollar bailout. [read post]
18 Dec 2008, 1:15 pm
The letter is posted on the DU Corporate Governance web site. [read post]
14 Dec 2008, 7:28 am
Its hard to ask for help when you fall behind on a mortgage. [read post]
9 Dec 2008, 7:58 am
A separation agreement executed last year held the husband responsible for all mortgage and property tax payments on the house until the property was sold. [read post]
5 Dec 2008, 4:09 am
Background New Century was at one time the largest subprime mortgage lender. [read post]
25 Nov 2008, 6:15 pm
., an American mortgage service provider headquartered in Florida. [read post]
19 Nov 2008, 12:51 am
First, act quickly. [read post]
13 Nov 2008, 12:07 pm
Home Owners’ Loan Act (HOLA) Preempted Class Action Claims Premised on Scheme to Defraud Senior Citizens into Entering into Reverse Mortgages but Plaintiff given Leave to File Amended Class Action Complaint California Federal Court Holds Plaintiff filed a putative class action against Financial Freedom Senior Funding Corporation alleging that “Financial Freedom instituted a complex scheme to defraud senior citizens in the structuring, origination,… [read post]
12 Nov 2008, 2:37 am
Background On October 6, 2008, Bank of America announced (here) a “proactive home retention program that will systematically modify troubled mortgages. [read post]
27 Oct 2008, 5:39 pm
They have lost their jobs, their homes, sometimes their cars, their food may be dwindling. [read post]
27 Oct 2008, 9:26 am
With respect to any mortgage held by the estate or trust to continue it upon and after maturity, with or without renewal or extension, upon terms as may seem advisable to the fiduciary and to foreclose, as an incident to collection of any bond or note, any mortgage and purchase the mortgaged property or acquire the property by deed from the mortgagor in lieu of foreclosure; i. [read post]
26 Oct 2008, 10:26 am
A homeowner's loan corporation was instituted in the Great Depression. [read post]
26 Oct 2008, 3:51 am
The Clinton administration, motivated by a debunked Boston Federal Reserve Bank study, extended the scope and impact of the Carter-era Community Reinvestment Act and the Home Mortgage Disclosure Act. [read post]
17 Oct 2008, 3:35 pm
Comerica and First Horizon National, among others, reported disappointing results. [read post]
15 Oct 2008, 10:25 pm
Most corporations have figured this out years ago for themselves. [read post]
14 Oct 2008, 3:39 pm
These days Luigi Zingales suggests something similar for home mortgages. [read post]
13 Oct 2008, 10:39 pm
First, the 90 day moratorium on mortgage foreclosures. [read post]
12 Oct 2008, 2:28 pm
According to The Washington Post, “four out of 10 first-time buyers used no-money-down mortgages in 2005 and 2006, according to surveys by the National Association of Realtors. [read post]
12 Oct 2008, 8:34 am
For instance, this is the reason for mortgage life insurance and private mortgage insurance in home loans.Imagine the owner of a corporate bond (i.e. [read post]
10 Oct 2008, 10:24 pm
Mark Kirk and Chris Carney Letter Expresses a Need for More Resources to Investigate Corporate Fraud Interim Final Rule: Deposit Insurance Regulations, Temporary Increase in Standard Coverage Amount, Mortgage Servicing Accounts (PDF 128 KB) Rule as Adopted by the Federal Deposit Insurance Corporation on Oct. 10, 2008 Notice to Address Amended Returns for Hurricane-Related Casualty Losses and Subsquent Grants Reimbursing Such Losses (PDF 24 KB) Guidance Prepared by… [read post]
